UCO Bank jumps on reporting above 4-fold jump in Q4 consolidated net profit
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UCO Bank is currently trading at Rs. 11.67, up by 0.18 points or 1.57% from its previous closing of Rs. 11.49 on the BSE.
The scrip opened at Rs. 11.79 and has touched a high and low of Rs. 11.81 and Rs. 11.59 respectively. So far 455703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.91 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 11.81 and Rs. 10.91 respectively. The current market cap of the company is Rs. 13976.52 crore.
The promoters holding in the company stood at 95.39%, while Institutions and Non-Institutions held 1.31% and 3.30% respectively.
UCO Bank has reported above 3-fold jump in its net profit at Rs 312.18 crore for the quarter ended March 31, 2022 as compared to Rs 80.03 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.94% at Rs 4361.63 crore for Q4FY22 as compared Rs 4637.17 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported above 4-fold jump in its net profit at Rs 314.58 crore for the quarter ended March 31, 2022 as compared to Rs 69.39 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.94% at Rs 4361.63 crore for Q4FY22 as compared Rs 4637.17 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported above 5-fold jump in its net profit at Rs 929.76 crore as compared to Rs 167.04 crore for the previous year. Total income of the bank increased by 1.18% at Rs 18082.15 crore for year under review as compared to Rs 17870.33 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported 6-fold jump in its net profit at Rs 894.92 crore as compared to Rs 145.69 crore for the previous year. Total income of the bank increased by 1.18% at Rs 18082.15 crore for year under review as compared to Rest 17870.33 crore for year ended March 31, 2021.
